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“What happens, of course, is that the rent’s dirt cheap, so people start up their businesses for the first time, who aren’t necessarily good operators — and then they fail.” Times had become even tougher more recently with new mixed-used developments (such as Coorparoo Square) having opened in neighbouring Coorparoo and Woolloongabba. That said, one of Stones Corner’s best assets was its local housing market, Mr Honeycombe said, which had recently shown signs of improvement. He said the Stones Corner housing market was actually one of its best opportunities given the large block sizes, which could be ripe for unit development in the years ahead. And he said construction of a new transport-oriented student accommodation complex nearby could be a “game-changer” for the suburb. “It’s going to put 1,600 residents in there by the end of this year. If they roll on, regardless of the market, there’s certainly the potential to bring another 2,000 or 3,000 people into the area over the next couple of years.” Harcourts Homeside principal Pattie Steele has been working in the suburb for two years and has noticed positive change over that time. Popular cafe, Lady Marmalade, has recently expanded, she said, while new hipster bar, The Bent Elbow, is offering one of a number of alternatives to the Stones Corner Hotel, which opened way back in 1888. Popular cafe and American-style eatery Shady Palms is consistently a drawcard for young people wanting locally brewed beer and live music to visit the high street on weekends and evenings, while the Stones Corner Hotel is an historic and welcoming venue. The suburb also has a progressive council committee, Ms Steele said, which had resulted in new events such as the Stones Corner Market and the Stones Corner Festival. “When I look around here I think it’s like West End was probably 10 years ago and you can sense it’s going to change. I’ve always said the same about Woolloongabba as well,” she said.
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